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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Assisted living facilities
1605 Elm Crk Vw 1659, Colorado Springs, CO 80907-7181
Entity Owned
10-yr Hold
Free & Clear
Property ID
US13-1362428
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2006
Construction
WOOD FRAME
Total area
221,927 SF
Lot
5.3 ac (230,868 SF)
Zoning code
PUD/CR CU
APN
6332406053
UPID
US13-1362428
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
MacKenzie Place - Colorado Springs Retirement Community
-
Amada Senior Care Home Help Aged Care
-
Fundamental Massage Alternative Medicine Practice Spa & Massage Center
-
Laura Stearns Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.26M
Owner & transaction history
Health Care Reit INC · 10 yrs held
Health Care Reit INC
since 2015
4 recorded transactions
Zoning & alternative use
PUD/CR CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$15 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$88,477
Tax year 2023
Assessed value
$1,618,540
Assessed 2023
Previous assessed
$1,618,540
+0.0% YoY
Effective rate
5.47%
On assessed value
Assessed land
$154,680
Assessed improvement
$1,463,860
Land market value
$2,308,680
Improvement market value
$21,848,653
Total market value
$24,157,333
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
169
Total area
221,927 SF
Lot
5.3 ac (230,868 SF)
Zoning code
PUD/CR CU
APN
6332406053
UPID
US13-1362428
Jurisdiction
EL PASO
Zoning & alternative use
PUD/CR CU · Colorado Springs, CO
Zoning PUD/CR CU · permitted uses
PUD/CR CU · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
169
Lot
5.3 ac
Current owner
From public records · entity-resolved
Health Care Reit INC
Entity
Free & Clear · 10 yrs held
Mailing address
1601 5TH AVE STE #1900, SEATTLE, WA 98101-3615
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2015
$66,070,000
Health Care Reit INC
Mackenzie Place Union LLC
Grant Deed
—
Sep 30, 2010
—
Mackenzie Place Union LLC
—
Deed Of Trust
related
$24,000,000 · Gf III/mackenzie Place LLC
Dec 2, 2009
—
Mackenzie Place Union LLC
—
Trustees Deed
related
—
Aug 14, 2006
—
Mh Union Sims LLC
Mh-union Accommodation LLC
Grant Deed
$41,605,000 · Sovereign Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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